Claim Period for Franchise Tax Property Measure (Schedule G) Refunds Opens Today
Attention eligible business owners: The claim period for franchise tax property measure (Schedule G) refunds opens today.
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All Featured (46) For the Public (148) Tax News (439) Accounting & Auditing (212) Business & Industry News (125) Regulatory News (112) Legislative News (48) Chapter News (18) Young CPAs (62) Students (91) TSCPA Press Releases (68)Showing : 11–20 of 439
To protect against identity theft, IRS adds additional protections to Centralized Authorization File, Transcript Delivery System; changes designed to protect sensitive tax pro, taxpayer information
With identity theft and refund fraud an ongoing concern, the Internal Revenue Service today highlighted additional protections for tax professionals being taken to increase security for the Centralized Authorization File (CAF) program and placed new guidelines on requesting client transcripts by phone.
View MoreTreasury, IRS issue frequently asked questions regarding disaster relief related to retirement plans and IRAs
The Internal Revenue Service today issued frequently asked questions (FAQs) in Fact Sheet 2024-19, relating to rules for distributions from retirement plans and IRAs and for retirement plan loans, for certain individuals impacted by federally declared major disasters.
View MoreIRS Updates List of Automatic Accounting Method Changes
The IRS recently issued Rev. Proc. 2024-23, providing an updated list of changes in tax accounting methods to which the automatic change procedures in Rev. Proc. 2015-13, as subsequently modified, apply.
View MoreIRS releases final guidance on transfers of certain credits under the Inflation Reduction Act
The Department of Treasury and Internal Revenue Service issued final regulations today describing rules and definitions for the transfer of eligible credits in a taxable year, including specific rules for partnerships and S corporations.
View MoreIRS Announces Changes to Delivery Methods for Transcripts
As part of the IRS’ effort to continue combatting identity theft and protecting taxpayers’ personal information, the agency announced it will be making changes that will impact how tax professionals receive transcripts.
View MoreTreasury and IRS announce new regulations on corporate stock repurchase excise tax
The Department of the Treasury and the Internal Revenue Service today issued proposed regulations that would provide taxpayers and tax professionals with new guidance concerning the one percent excise tax owed on corporate stock repurchases.
View MoreGet ahead of the tax deadline; act now to file, pay or request an extension
With the April 15 tax deadline approaching, the IRS reminds taxpayers there is still time to file their federal income tax return electronically and request direct deposit.
View MoreMarch 22 deadline approaching to resolve incorrect Employee Retention Credit claims; IRS urges businesses to review questionable claims to avoid future compliance action
With a key March 22 deadline rapidly approaching, the Internal Revenue Service renewed calls for businesses to review the Employee Retention Credit (ERC) guidelines to avoid future compliance action for improper claims.
View MoreBeneficial Owner Reporting: Our Role as Trusted Advisors
The Anti-Money Laundering Act of 2020, enacted on Jan. 1, 2021, contained the first-ever federal requirement for certain legal entities to identify and report their beneficial owners, also known as the Corporate Transparency Act (CTA).
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